Houston-based oil giant ConocoPhillips cut its spending outlook by 3.5% to $12.45 billion, while leaving its production view unchanged, it said Thursday in a statement announcing first-quarter results. SourceContinue Reading

The Energy Workforce & Technology Council has released its April 2025 jobs report, indicating a steady employment trend in the energy services sector despite broader market transitions and ongoing global trade uncertainty. SourceContinue Reading

U.S. Sanctions Disrupt Chinese Teapots’ Purchases of Iranian Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 08, 2025, 11:30 AM CDT Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after...Continue Reading

China’s Clean Energy Boom Spells Trouble for Central Asia’s Gas Giants | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – May 08, 2025, 11:00 AM CDT China is rapidly...Continue Reading

Oil prices have risen by 3%, with Brent crude nearing $63 and WTI approaching $60, buoyed by optimism around upcoming U.S.-China trade negotiations. U.S. Treasury Secretary Scott Bessent is set to meet with China’s top economic official on May 10 in Switzerland to address the ongoing trade war that has been impacting global markets. According...Continue Reading

ConocoPhillips Beats Q1 Profit Estimates as Output Jumps | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 08, 2025, 10:30 AM CDT ConocoPhillips (NYSE: COP) reported on Thursday slightly better-than-expected earnings for the first quarter, as higher oil and gas production volumes more than offset...Continue Reading

Kazakhstan doesn’t have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the biggest overproducers under the agreement alongside OPEC’s second-largest producer, Iraq, plans to keep...Continue Reading

Russia Claims Active Talks With China on New Gas Pipeline Are Underway | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 08, 2025, 9:30 AM CDT Russia is in an...Continue Reading

The European Union member states are looking to include energy laws and regulations in wider efforts to cut bureaucracy aimed at boosting the bloc’s competitiveness, a draft document seen by Reuters showed on Thursday. Earlier this year, the European Commission proposed measures to cut red tape and simplify legislation for EU businesses and citizens. The...Continue Reading

Germany Sees Slump in Wind and Solar Generation | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 08, 2025, 8:30 AM CDT Germany’s wind and solar power output has slumped to the...Continue Reading